Texas Permanent School Fund Corp Sells 29,136 Shares of United Parcel Service, Inc. (NYSE:UPS)

Texas Permanent School Fund Corp trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 19.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,866 shares of the transportation company’s stock after selling 29,136 shares during the period. Texas Permanent School Fund Corp’s holdings in United Parcel Service were worth $16,541,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of UPS. Cullen Investment Group LTD. increased its position in shares of United Parcel Service by 0.7% during the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after acquiring an additional 68 shares during the last quarter. Blackston Financial Advisory Group LLC increased its holdings in United Parcel Service by 1.4% during the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after buying an additional 69 shares during the last quarter. Versant Capital Management Inc boosted its stake in United Parcel Service by 2.2% in the first quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock valued at $477,000 after acquiring an additional 70 shares during the last quarter. Moody National Bank Trust Division grew its position in shares of United Parcel Service by 0.8% during the 1st quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock valued at $1,354,000 after acquiring an additional 71 shares during the period. Finally, Cornerstone Wealth Management LLC grew its position in shares of United Parcel Service by 0.9% during the 1st quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock valued at $1,269,000 after acquiring an additional 73 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction on Thursday, July 25th. The stock was acquired at an average price of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on UPS. UBS Group dropped their price objective on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. TD Cowen started coverage on United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target for the company. Evercore ISI lowered their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, June 24th. Susquehanna cut their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Finally, Robert W. Baird lowered their price target on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus target price of $151.20.

United Parcel Service Trading Up 1.1 %

Shares of United Parcel Service stock traded up $1.36 during trading on Monday, reaching $128.90. The company’s stock had a trading volume of 314,767 shares, compared to its average volume of 4,238,337. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The firm’s 50-day moving average is $131.59 and its two-hundred day moving average is $140.57. The company has a market cap of $110.41 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 1.88 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. United Parcel Service’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the firm earned $2.54 earnings per share. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is 94.49%.

United Parcel Service Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.